Permian – update through March 2022
Permian tight oil production set a new output record in March, at 4.5 million b/d (after upcoming revisions, horizontal wells only). Slightly more horizontal wells were completed in the first quarter of 2022 compared with last year (1,157 vs 1,008).
Eagle Ford – update through February 2022
Tight oil production in the Eagle Ford has fallen by over 50 thousand b/d since September, and came in at close to 1.05 million b/d in February, the lowest output in 12 months (Hz. wells only, after upcoming revisions). Natural gas production in February was close to a 12-month high, at over 6.0 Bcf/d.
Pennsylvania – update through March 2022
Natural gas production in Pennsylvania was 20.2 Bcf/d in March (Hz. wells only), slightly lower than the output a year ago (20.5 Bcf/d).
North Dakota – update through February 2022
Oil production in North Dakota from horizontal wells rose by less than 1% m-o-m in February, to 1.05 million b/d. Natural gas output increased by 2% to 2.8 Bcf/d. Only 63 new horizontal wells came online in the first 2 months of this year, compared with 180 in 2020 and 68 in 2021 during the same period.
US – update through December 2021
US tight oil production was up by about 1% in December, at 7.7 million b/d (after upcoming revisions), the highest level in over 1.5 years, and just 0.7 million b/d below the peak in 2019. Tight gas output set a fresh record in December, at over 80 Bcf/d (excluding West Virginia and after upcoming revisions).
Permian – update through December 2021
Permian tight oil production was flat at about 4.4 million b/d in December (after upcoming revisions, horizontal wells only). In 2021, some 4,200 horizontal wells were completed, about 20% more than in the year prior, although still well below the over 5,000 wells coming online in both 2018 & 2019.